(OLIN&HOLLIMON HOMES INC) NOTICE OF SALE UNDER POWER
STATE OF GEORGIA,
COUNTY OF HALL.
Under and by virtue of the Power of Sale contained in the Deed to Secure Debt from Olin & Hollimon Homes, Inc. in favor of Hamilton State Bank dated January 25, 2006, recorded in Deed Book 5579, Page 344-51 of the Hall County, Georgia Deed Records and Modification of Deed to Secure Debt dated January 30, 2007, and recorded in Deed Book 5970, pages 514-515 of the Hall County Records, having been given to secure a Promissory Note in the original principal amount of $337,600.00 dated January 25, 2006, there will be sold by the undersigned at public outcry, during the legal hours of sale before the door of the Courthouse of Hall County, Georgia, on the first Tuesday in March, 2008, to wit, March 4, 2008, to the highest and best bidder for cash the property described on Exhibit “A” attached hereto and incorporated herein by reference. The debt secured by said Deed to Secure Debt and Note has been and is hereby declared due and payable in full because of nonpayment of principal and interest and 2007 ad valorem taxes pursuant to the terms of said Deed to Secure Debt and Note. Notice has been given of intention to enforce provisions for collection of attorney's fees and foreclosure in accordance with legal requirements and the terms of the Deed to Secure Debt and Note. The indebtedness remaining in default, the sale will be made for the purpose of applying proceeds thereof to the payment of the indebtedness secured by the Deed to Secure Debt, accrued interest and expenses of the sale and other sums secured by the Deed to Secure Debt including attorney's fees, and the remainder if any shall be applied as provided by law. To the best of the undersigned's knowledge and belief the property is in the possession of Olin & Hollimon Homes, Inc., and said property will be sold as the property of Olin & Hollimon Homes, Inc., subject to outstanding ad valorem taxes, and easements and restrictions of record superior to the above-referenced security deed, if any. The undersigned will execute a deed to the purchaser at said sale as provided in the Deed to Secure Debt.
HAMILTON STATE BANK, as Attorney-in-Fact for Olin & Hollimon Homes, Inc.,
WHELCHEL, DUNLAP, JARRARD & WALKER, INC. Post Office Box 1
Gainesville, GA 30503
Attention: William L. Rogers, Jr.
P:\WLR\FORMS - VARIOUS\Foreclosures\Legal Ad - Hamilton State Bank - Olin & Hollimon.doc
EXHIBIT “A”
All that tract or parcel of land, lying and being in Land Lot 7 of the 12th District of Hall County, Georgia, being Lot 18 of Avalon Hills Subdivision, Phase I, as per plat thereof recorded in Plat Book 847, page 91, Hall County, Georgia, Records, which Plat is incorporated herein and made a part hereof by reference for a more detailed description.
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